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20121120
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of avoiding the fiscal cliff. he'll meet with harry reid, mitch mcconnell, john boehner and nancy pelosi at quarter after 10:00 eastern time. mcconnell says republicans won't raise tax rates. the white house says the president won't sign an extension of tax cuts for top earners. chinese officials including the country's vice minister are sounding alarm bells with external risks to growth. they hope the uts will come to an agreement on tax issues or warns the country could face a slide into deep recession. eunice yoom is taking a closer look at the relationship between the two economic super powers and how they're likely to proceed. >> she's sitting down to her regular taste of americana. she and her co-workers dine out at their favorite fast food joint from the west twice a week, exactly the kind of middle income chinese american companies hope will drive their future growth. >> translator: we're used to eating rice, she says. it's convenient and nice to have fast food once in a while and have a change. american companies are hoping gnaw leadership will make it easier to sell to chinese
driving the decisions made here. i think citing i believe speaker boehner, it's fair to say that the president also believes we don't -- he's not looking to box himself in or box other people's ideas out. as we approach the conversation that will be in on friday. >> suggest to the meeting that just took place they might have to give up more than they would like? >> i think the president has made very clear that everyone, throughout this process, not just in this past week since the election, but for some time now, that the whole point of compromise is that nobody gets to achieve their maximalist position. that was the approach we took throughout negotiations in 2011 and it's the principle the president has based his own proposals on. if you look at, again, the programs that the president has already cut through legislation he signed into law, if you look at the savings he's willing to enact as part of his plan, it demonstrates a willingness to give so that you can meet your negotiating partner somewhere in the middle and reach a deal. >> you don't have any specific -- >> i d
in the senate. john boehner is serious about doing something. it will not work if the president does not lead. the president has to set the course. you saw that in the legislation i was part of. the big question will be whether this president stepped up and leads. >> on the one hand, you use the word opportunity. you see that ceos are saying they are investing in hiring. there are remarkably more worried in europe and some of these other problems we're talking about. >> look at this. this is a more imminent. it tells me there is an opportunity. the primary barrier to getting a grand bargain has been an opposition to any revenues in the deal. the reason why there are not specific papers you can read and see what was the dl is precisely because thing started showing up and bob woodward's book. each side feels they did not want to write down i read you this and you offer me this. it was totally understood. people have been doing deals with the congress and the executive for 225 years. few other people have figured out how to do it. i would not pick the president diminishing his value. that does
think they've already agreed to that. you heard john boehner say that already. we've had voteses in the senate where we've gotten rid of tax credits. i think that's a given. and i think that the vast majority of measures agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem and that's uncontrolled entitlement spending and a government that has grown massively. >> i think if the house stands for anything, it's cut government spending as tom coburn said and i think we'll have to do more of it. we heard the mandate in 2010 where it was a clear mandate cut spending and we did, we cut $900 billion in spending that he can't like painful tos us. >> we'll continue our call to rise bol politics and make a deal. oufr guests this morning include mike jackson and also david zaslav. and the head of maris group. and douglas holtz-eakin. >> let's talk about eurozone finance ministers meeting to discuss whether to release a new tranche of fund to go greece. the leaders are not expected it to okay the funding despite greec
Search Results 0 to 3 of about 4